Technical Outlook AUDUSD 21.06.2017
AUDUSD
The Aussie dollar stays in red for the third consecutive day, extending pullback from 0.7630 zone after multiple upside rejection.
Fresh bearish extension on Wednesday cracked supports at 0.7566/57 (10 / 100SMA’s) and increasing risk of further easing towards key near-term supports at 0.7539 (daily cloud top) and 0.7534/27 (Fibo 38.2% of 0.7369/0.7635 / 200SMA.
Correction should be ideally contained here to keep larger bulls intact for renewed attempts above 0.7600 and extension towards targets at 0.7650 (Fibo 76.4% of 0.7749/0.7328) and 0.7679 (30 Mar lower top).
Conversely, break lower would sideline broader bulls for deeper correction.
Res: 0.7586; 0.7623; 0.7635; 0.7650
Sup: 0.7539; 0.7527; 0.7512; 0.7490